Centerspace (CSR) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Centerspace in the last year. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" CSR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CSR, but not buy additional shares or sell existing shares.
View CSR analyst ratings or view top-rated stocks.

6 brokerages have issued 1-year target prices for Centerspace's shares. Their CSR share price forecasts range from $62.00 to $80.00. On average, they predict the company's share price to reach $70.00 in the next year. This suggests a possible upside of 12.1% from the stock's current price.
View analysts price targets for CSR or view top-rated stocks among Wall Street analysts.

Centerspace's stock was trading at $58.67 at the start of the year. Since then, CSR shares have increased by 6.5% and is now trading at $62.47.
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Centerspace saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 272,100 shares, a drop of 7.0% from the April 30th total of 292,600 shares. Based on an average daily volume of 85,300 shares, the days-to-cover ratio is currently 3.2 days.
View Centerspace's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
View our CSR earnings forecast.

Centerspace (NYSE:CSR) released its earnings results on Monday, August, 1st. The company reported ($0.30) earnings per share for the quarter, topping analysts' consensus estimates of ($0.63) by $0.33. Centerspace had a net margin of 14.40% and a trailing twelve-month return on equity of 4.26%. During the same period in the previous year, the business earned $0.95 earnings per share.

Centerspace announced a quarterly dividend on Friday, June 2nd. Shareholders of record on Friday, June 30th will be paid a dividend of $0.73 per share on Monday, July 10th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend is Thursday, June 29th.
Read our dividend analysis for CSR.

ETFs with the largest weight of Centerspace (NYSE:CSR) stock in their portfolio include ALPS REIT Dividend Dogs ETF (RDOG), Kelly Residential & Apartment Real Estate ETF (RESI), Residential REIT ETF (HAUS), Invesco S&P SmallCap Low Volatility ETF (XSLV), iShares Frontier and Select EM ETF (FM), Nuveen Short-Term REIT ETF (NURE), Invesco S&P SmallCap Financials ETF (PSCF) and SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV).

Centerspace (NYSE:CSR) pays an annual dividend of $2.92 per share and currently has a dividend yield of 4.66%. CSR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 140.39%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, CSR will have a dividend payout ratio of 67.13% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CSR.

Centerspace issued an update on its FY 2023 earnings guidance on Monday, May, 1st. The company provided earnings per share guidance of $4.27-$4.56 for the period, compared to the consensus earnings per share estimate of $4.41. The company issued revenue guidance of -.

Centerspace trades on the New York Stock Exchange (NYSE) under the ticker symbol "CSR."

Centerspace's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (18.93%), State Street Corp (6.54%), Wellington Management Group LLP (4.38%), Heitman Real Estate Securities LLC (3.15%), Renaissance Technologies LLC (3.03%) and Geode Capital Management LLC (2.18%). Insiders that own company stock include John A Schissel, Mark Okey Decker Jr, Mary J Twinem and Rodney Jones-Tyson.
View institutional ownership trends.

Shares of CSR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CSR stock can currently be purchased for approximately $62.47.

Centerspace (NYSE:CSR) has a market capitalization of $934.55 million and generates $256.72 million in revenue each year. The company earns $-13,470,000.00 in net income (profit) each year or $2.08 on an earnings per share basis.

The company employs 394 workers across the globe.

Centerspace's mailing address is 1400 31ST AVENUE SW SUITE 60 PO BOX 1988, MINOT ND, 58702. The official website for the company is www.iretapartments.com. The company can be reached via phone at (701) 837-4738, via email at ir@iret.com, or via fax at 701-838-7785.